Private equity-backed Dong-A Tanker inks deal for up to six MRs

South Korea’s Dong-A Tanker — which emerged from court receivership last year under the control of compatriot private equity firm Pine Tree Partners — is said to have inked a deal for up to six MR tanker newbuildings worth about $216m at a domestic shipyard.

The Seoul-based outfit is said to have ordered the 50,000-dwt ships at STX Offshore & Shipbuilding.